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bharat petroleum corp ltd (BPCL) Details

Bharat Petroleum Corporation Limited refines crude oil and markets petroleum products in India. It operates in two segments, Downstream Petroleum; and Exploration and Production of Hydrocarbons. The company offers fuels and services, as well as lubricants, including automotive engine oils, gear oils, transmission oils, specialty oils, and greases; and liquid and gaseous fuels, illuminating oils, and other products from crude petroleum or bituminous minerals. It is engaged in the retailing of petrol, diesel, and kerosene, as well as various non-fuel products and value-added services through its network of 6553 retail outlets and 1007 kerosene dealers. The company also imports and exports fuel oil, naphtha, and base oil. It serves household and automobile sectors; public and private sectors; and various government establishments, such as defense, railways, state trading corporations, state electricity boards, etc. Bharat Petroleum Corporation undertakes upstream exploration and production activities, which has participating interest in 19 exploration/appraisal blocks, including 8 blocks in India and 11 are located in Australia, East Timor, Indonesia, Mozambique, and Brazil. The company was formerly known as Bharat Refineries Limited and changed its name to Bharat Petroleum Corporation Limited in August 1977. Bharat Petroleum Corporation Limited was incorporated in 1952 and is based in Mumbai, India.

Bharat Petroleum Corp. Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 578,728.2 million compared to INR 647,342.3 million a year ago. Profit from operations before other income, finance cost & exceptional items of INR 5,435.7 million compared to loss of INR 14,750.5 million a year ago. Profit from ordinary activities before tax was INR 7,740.0 million compared to loss of INR 15,287.8 million a year ago. Net profit was INR 5,511.6 million or INR 7.62 per basic and diluted share compared to loss of INR 10,889.4 million or INR 15.06 per basic and diluted share a year ago.
For nine months, the company reported net sales/income from operations (net of excise duty) of INR 1,866,009.8 million compared to INR 1,851,968.9 million a year ago. Profit from operations before other income, finance cost & exceptional items of INR 19,907.7 million compared to INR 1,005.9 million a year ago. Profit from ordinary activities before tax was INR 31,755.9 million compared to loss of INR 77.4 million a year ago. Net profit was INR 22,316.2 million or INR 30.86 per basic and diluted share compared to net loss of INR 74.9 million or INR 0.10 per basic and diluted share a year ago.

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